Facebook’s ad-mageddon continues. The social network’s parent company Meta Platforms on Wednesday reported a 1% revenue decline in the second quarter to $28.8 billion—the first-ever quarterly drop in its 12 years as a public company—as a combination of macroeconomic issues and falling ad prices took its toll. Making matters worse, the company’s free cash flow fell by 46% to $4.6 billion. And...
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The Weekend startups culture
The Heir Who Wants to Be Mayor
Hi, welcome to your Weekend.To spend time with Daniel Lurie is to understand the true meaning of the word “mensch.” Everyone who knows the San Francisco philanthropist and Levi’s heir says pretty much the same things about him: Daniel is “a really good guy”—affable, smart, egoless and earnest in his desire to improve the lives of the neediest. So earlier this year, when I began hearing...
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